The last meetings of Government-Industry Joint Task Force (GIJTF) and Board of Trade (BoT) were held on 21.12.2012 and 22.3.2013 respectively.

In the Meeting of Government-Industry Joint Task Force (GIJTF) , issues pertaining to the growth of manufacturing industry including availability of raw material, power, infrastructure bottlenecks, cost of credit were discussed. In of Board of Trade (BoT) meeting issues relating to Euro Zone crisis, slowdown in exports, widening of trade deficit and measures required to boost exports were discussed. These issues have been examined. Keeping in view financial and overall economic implications, some of the suggestions have been incorporated in the Annual Supplement to the Foreign Trade Policy announced on 18.4.2013.

This information was given by the Union Minister for Commerce and Industry, Shri Anand Sharma in a written reply in the Lok Sabha today.

DS/RK

(Release ID :94840)

Export promotion: industry government recommendations on manufacturing and trade pressures were incorporated into the foreign trade policy supplement. Selected recommendations from Government industry consultations on manufacturing constraints (raw materials, power, infrastructure, cost of credit) and export pressures (Euro zone crisis, export slowdown, widening trade deficit) were examined and, subject to fiscal and economic considerations, some suggestions were incorporated into the Annual Supplement to the Foreign Trade Policy announced in April 2013.